Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Revenues, net $ 2,650 $ 2,806
Cost of revenues 1,589 1,618
Gross margin 1,061 1,188
Operating expenses:    
Research and development 1
Selling, general and administrative 2,019 1,964
Total operating expenses 2,019 1,965
Loss from operations (958) (777)
Other income (expense):    
Interest income (expense), net (42) (21)
Changes in fair value of warrant liability and warrant modification expense 91
Other expense (6) (39)
Other income 135 68
Total other income (expense), net 87 99
Loss before income taxes (871) (678)
Income tax expense
Net loss (871) (678)
Less: Income attributable to non-controlling interest in joint venture (56) (34)
Net loss attributable to NexGel stockholders $ (927) $ (712)
Net loss per common share - basic $ (0.11) $ (0.09)
Net loss per common share - diluted $ (0.11) $ (0.09)
Weighted average shares used in computing net loss per common share - basic 8,204,205 7,645,311
Weighted average shares used in computing net loss per common share – diluted 8,204,205 7,645,311